The fund, distributed over three years, will be dedicated to the creation of “thoughtful” original content for YouTube and YouTube Kids globally, the company says.

“We know these changes will have a significant business impact on family and kids creators who have been building both wonderful content and thriving businesses, so we’ve worked to give impacted creators four months to adjust before changes take effect on YouTube,” wrote YouTube CEO Susan Wojcicki in a blog post. “We recognize this won’t be easy for some creators and are committed to working with them through this transition and providing resources to help them better understand these changes.”

YouTube plans to share more information about the fund and its plans in the weeks ahead.

In addition, YouTube said today it’s “rethinking” its overall approach to the YouTube kids and family experience.

“It’s extremely disappointing that the FTC isn’t requiring more substantive changes or doing more to hold Google accountable for harming children through years of illegal data collection,” said Josh Golin, the executive director for the Campaign for a Commercial-Free Childhood (CCFC), a group that spearheaded the push for an investigation. “A plethora of parental concerns about YouTube – from inappropriate content and recommendations to excessive screen time – can all be traced to Google’s business model of using data to maximize watch time and ad revenue,” he added.

Google already began to crack down on some of these concerns, independent of an FTC requirement, however.

To tackle the scourge of inappropriate content targeting minors, YouTube in August expanded its child safety policies to remove — instead of only restrict, as it did before — any “misleading family content, including videos that target younger minors and their families, those that contain sexual themes, violence, obscene, or other mature themes not suitable for younger audiences.”

Separately, YouTube aims to address the issues raised around promotional content in videos.

For example, a video with kids playing with toys could be an innocent home movie or it could involve a business agreement between the video creator and a brand to showcase the products in exchange for free merchandise or direct payment.

YouTube’s “rethinking” of its kids’ experience should also include whether or not it should continue to incentivize the creation of these “kid influencer” and YouTube family videos, where little girls’ and boys’ childhoods have become the source of parents’ incomes.